Business
Due Diligence: How to Handle Property Disputes in Lagos by Dennis Isong
Whether you’re a first-time buyer, a seasoned investor, or someone who inherited a family property, the nightmare of a property dispute can feel like a dark cloud hanging over your head.
Lagos, the bustling heart of Nigeria, is a city of dreams, opportunities, and, unfortunately, property disputes.
If you’ve ever found yourself caught in the web of a property dispute in Lagos, you know how emotionally draining and financially crippling it can be.
The city’s real estate market is booming, but with that growth comes a surge in conflicts over land, buildings, and ownership rights.
Whether you’re a first-time buyer, a seasoned investor, or someone who inherited a family property, the nightmare of a property dispute can feel like a dark cloud hanging over your head.
But here’s the thing: with the right knowledge and approach, you can navigate these murky waters and come out on top. Let’s talk about how.
The Emotional Toll of Property Disputes
Imagine this: You’ve saved for years, maybe even decades, to buy a piece of land or a house in Lagos.
You’ve dreamed of building a home for your family or starting a business on that property. Then, out of nowhere, someone claims the land is theirs. Or perhaps you inherited a property from your parents, only to discover that distant relatives or even strangers are contesting your ownership.
The frustration, anger, and helplessness can be overwhelming.
Property disputes are not just about money or assets; they’re about your dreams, your security, and your peace of mind. In Lagos, where land is gold and space is limited, these disputes are all too common.
But why?
The answer lies in the complex nature of land ownership, poor documentation, and sometimes, outright fraud.
Why Property Disputes Happen in Lagos
1. Multiple Sales of the Same Property: This is one of the most common issues. Unscrupulous sellers or agents sell the same piece of land to multiple buyers. By the time you realize what’s happened, you’re already in a legal battle.
2. Inheritance Conflicts: Family disputes over inherited property are rampant. Siblings, cousins, and even distant relatives may lay claim to a property, leading to prolonged court cases.
3. Boundary Disputes: Lagos is densely populated, and boundaries between properties are often unclear. Disputes arise when neighbors encroach on each other’s land, intentionally or unintentionally.
4. Fraudulent Documents: Fake land titles, forged signatures, and doctored documents are tools used by fraudsters to swindle unsuspecting buyers.
5. Government Acquisition: Sometimes, the government acquires land for public use, but the information doesn’t reach the rightful owners, leading to confusion and disputes.
How to Protect Yourself: Due Diligence is Key
The best way to avoid property disputes is to do your due diligence before buying or inheriting any property. Due diligence is not just a fancy term; it’s your shield against fraud and conflict.
Here’s how to do it:
1. Verify the Seller’s Identity: Ensure the person selling the property is the rightful owner. Ask for valid identification and cross-check with the land registry.
2. Check the Land Title:
In Lagos, the most secure form of land ownership is a Certificate of Occupancy (C of O) issued by the government. If the property doesn’t have one, tread carefully. You can also check for a Governor’s Consent, which is required for the transfer of ownership.
3. Conduct a Search at the Land Registry:
This is crucial. A search will reveal the true owner of the property, any existing encumbrances, or pending litigation. Don’t skip this step, no matter how trustworthy the seller seems.
4. Inspect the Property Physically:
Visit the property and inspect it thoroughly. Look for signs of occupation, boundary marks, and any red flags. Talk to neighbors; they often have valuable information about the property’s history. .
5. Hire a Lawyer: A real estate lawyer can guide you through the process, review documents, and ensure everything is in order. Yes, it’s an extra cost, but it’s worth every penny to avoid future headaches.
What to Do If You’re Already in a Dispute If you’re already caught in a property dispute, don’t panic. While the process can be stressful, there are steps you can take to resolve the issue:
1. Gather Your Documents: Collect all relevant documents, including your deed of assignment, receipts, and any correspondence with the seller or other parties. These will serve as evidence in your favor.
2. Engage a Competent Lawyer: A good lawyer is your best ally in a property dispute. They can help you understand your rights, file the necessary legal actions, and represent you in court if needed.
3. Explore Alternative Dispute Resolution (ADR): Court cases can drag on for years, draining your time and resources. Consider mediation or arbitration as a faster and less expensive way to resolve the dispute.
4. Stay Calm and Patient: Property disputes can be emotionally charged, but losing your temper won’t help.
Stay focused, follow your lawyer’s advice, and be patient. Justice may take time, but it’s worth fighting for.
Real-Life Stories: Lessons from the Trenches Let me share a story that hits close to home.
A friend of mine, let’s call her Ada, bought a piece of land in Lekki, one of Lagos’ most sought-after areas. She did everything right—or so she thought.
She verified the seller’s identity, checked the documents, and even paid for a survey plan. But a year later, while preparing to start construction, she was served with a court notice. Someone else was claiming ownership of the same land.
Ada was devastated. She had invested her life savings into that property. After months of legal battles, it turned out that the original seller had sold the land to multiple buyers. Ada eventually won the case, but it cost her time, money, and sleepless nights. Her story is a stark reminder of why due diligence is non-negotiable.
The Human Side of Property Disputes
Behind every property dispute is a human story—a family torn apart, a dream deferred, or a life savings lost. It’s easy to get caught up in the legalities and forget the emotional toll these conflicts take.
I’ve seen families stop speaking to each other over inherited property. I’ve met people who lost everything because they trusted the wrong person. And I’ve also seen the relief and joy of those who fought for their rights and won.
If you’re going through a property dispute, know that you’re not alone. Many have walked this path before you, and many will come after. What matters is how you handle it. Will you let it break you, or will you rise above it?
Lagos is a city of endless possibilities, but it’s also a city where you need to be vigilant. Property disputes can happen to anyone, but with due diligence, you can minimize the risks.
If you’re buying property, take your time, do your research, and seek professional help. If you’re already in a dispute, don’t lose hope.
Fight for what’s rightfully yours, but do it wisely. Remember, your property is more than just an asset; it’s a part of your story, your legacy, and your future.
Protect it with everything you’ve got. And if you ever feel overwhelmed, take a deep breath and remind yourself why you started this journey in the first place. Your dreams are worth fighting for.
So, the next time you hear about a property dispute in Lagos, don’t just see it as a news headline.
See it as a cautionary tale, a call to action, and a reminder that in this city, due diligence isn’t just an option—it’s a necessity.
Business
CBN admits it opened domiciliary accounts for PFIPC agency
Represented by the Director of its Banking Services Department, Hamisu Ibrahim, the CBN said that the accounts are one in US dollars, the other in British pounds sterling, were opened following a mandate received from the Office of the Accountant-General of the Federation.
File photo : PFIPC agency DG, Adeniyi Adeyemi
The Central Bank of Nigeria had admitted that it opened two foreign-currency domiciliary accounts for the controversial Presidential Foreign Investment Promotion Council (PFIPC).
The apex bank made the confirmation, yesterday, during the public hearing convened at the National Assembly Complex by the House of Representatives Ad-hoc Committee investigating the existence and operations of the PFIPC, chaired by Yusuf Gagdi and inaugurated by Speaker Tajudeen Abbas.
Represented by the Director of its Banking Services Department, Hamisu Ibrahim, the CBN said that the accounts are one in US dollars, the other in British pounds sterling, were opened following a mandate received from the Office of the Accountant-General of the Federation.
He explained that on July 30, 2025, CBN received a mandate dated July 29, 2025 from the Office of the Accountant-General.
“We received the mandate to authorise two accounts, one a US dollar domiciliary account, the other a pound domiciliary account, for the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council,” Ibrahim told the committee.
He explained the CBN’s verification process, “The process of opening an account requires a mandate from the Office of the Accountant-General of the Federation.
“Once we receive that mandate, we perform all the necessary verifications to confirm that this mandate is actually coming from that office.
The department that handles the mandate is different from the department that actually does the account opening,” he said.
Nevertheless, he noted that no one came to activate the accounts after they were opened.“We did not receive any correspondence, mandate, signature or mandate cards. We were not introduced to the authorising or approving officers.“Based on that, those accounts remain inactive, with zero balance. There have been no foreign exchange allocations.
Business
Naira Exchange Rates At The Parallel/ Official Market Tuesday, 21 July
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1, 410 Sell ₦1,415
GREAT BRITISH POUND (GBP) Buy ₦1,890 Sell: ₦1,910
EURO (EUR) Buy ₦1,580 Sell ₦1,600
CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
CBN OFFICIAL EXCHANGE RATES
US DOLLAR (USD) ₦1,380.11
GREAT BRITISH POUND (GBP) ₦1,857.35
EURO (EUR) ₦1,575.95
SWISS FRANC (CHF) ₦1,705. 31
JAPANESE YEN (JPN) ₦8.50
CHINESE YUAN (CNY) ₦203.94
WEST AFRICAN CFA (XOF) ₦2.40
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32
SAUDI RIYAL (SAR) ₦367.49
SOUTH AFRICAN RAND (ZAR) ₦83.69
Business
Naira Exchange Rates Monday, 20 July
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1, 416 Sell ₦1,422
GREAT BRITISH POUND (GBP) Buy ₦1,895 Sell: ₦1,915
EURO (EUR) Buy ₦1,590 Sell ₦1,610
CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
CBN OFFICIAL EXCHANGE RATES
US DOLLAR (USD) ₦1,380.18
GREAT BRITISH POUND (GBP) ₦1,854.42
EURO (EUR) ₦1,577.00
SWISS FRANC (CHF) ₦1,707.94
JAPANESE YEN (JPN) ₦8.50
CHINESE YUAN (CNY) ₦203.57
WEST AFRICAN CFA (XOF) ₦2.40
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32
SAUDI RIYAL (SAR) ₦367.48
SOUTH AFRICAN RAND (ZAR) ₦83.29
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